Navistar $NAV price action has reflected a market in consolidation mode in 2018 after it made a high just under $48 a share. After coming down to about $32.30, it respected a rising trendline and rebounded. However, the price action that has developed since is indicative of further bearish correction ahead, especially if price holds below $41. NAV Daily Chart(click to enlarge)Double Top:- NAV formed a double top over the end of 2017 and beginning of 2018. - Since then, we can see price come up to test and respect the double top. - If price pushes above $45, then we should consider a bullish continuation scenario.- After the double top, we had another period of consolidation during July and August with price essentially trading between $40 and $44. - Eventually price dropped sharply followed by some choppy price action. Eventually, we are seeing price holding under the cluster of 200-, 100-, and 50-day simple moving averages.- This is a bearish dynamic, and why I noted that a hold under $41 would keep NAV in a bearish mode. - Furthermore, the RSI has tagged 30 and then held under 60. - Finally, price is cracking the rising trendline.- At the moment, I believe the downside is more likely, with a target back towards the $32 area and with the prospect of reaching lower to $30 before finding support.